Difference between revisions of "White knight"
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According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | According to [[Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition)]], | ||
:[[White knight]]. A friendly competing bidder that a target management likes better than the company making a hostile offer; the target solicits a merger with the white knight as a preferable alternative. | :[[White knight]]. A friendly competing bidder that a target management likes better than the company making a hostile offer; the target solicits a merger with the white knight as a preferable alternative. | ||
| + | According to [[Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition)]], | ||
| + | :[[White knight]]. A company that is acceptable to the management of a firm under threat of a hostile takeover and that will compete with the potential acquirer. | ||
| + | According to the [[Strategic Management by David and David (15th edition)]], | ||
| + | :[[White knight]]. When a firm agrees to acquire another firm at a point in time when that other firm is facing a hostile takeover by some company. | ||
==Related concepts== | ==Related concepts== | ||
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*[[Introduction to Financial Management]]. | *[[Introduction to Financial Management]]. | ||
| − | [[Category: Financial Management]][[Category: Articles]] | + | [[Category: Financial Management]][[Category: Articles]][[Category: Strategic Management]] |
Latest revision as of 15:42, 17 July 2020
White knight is a friendly competing bidder that a target management likes better than the company making a hostile offer; the target solicits a merger with the white knight as a preferable alternative.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- White knight. A friendly competing bidder that a target management likes better than the company making a hostile offer; the target solicits a merger with the white knight as a preferable alternative.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- White knight. A company that is acceptable to the management of a firm under threat of a hostile takeover and that will compete with the potential acquirer.
According to the Strategic Management by David and David (15th edition),
- White knight. When a firm agrees to acquire another firm at a point in time when that other firm is facing a hostile takeover by some company.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
